HomeTowne Studios vs Everhome Suites Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of HomeTowne Studios vs Everhome Suites including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
HomeTowne Studios Franchise
Everhome Suites Franchise
Investment $345,500 - $1,238,500$10,108,350 - $12,101,869
Franchise Fee $30,000N/A
Royalty Fee 3%-
Advertising Fee --
Year Founded 2017-
Year Franchised 2017-
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
HomeTowne Studios Franchise
Everhome Suites Franchise
Experience --

Financing Options

 
HomeTowne Studios Franchise
Everhome Suites Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
HomeTowne Studios Franchise
Everhome Suites Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans

 
HomeTowne Studios Franchise
Everhome Suites Franchise
US Expansion YesYes
Canada Expansion --
International Expansion No-

Company Overviews

About HomeTowne Studios

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HomeTowne Studios by Red Roof is an extended stay hotel with flexible daily, weekly, and monthly rate options.
• Fully Furnished Rooms
• Kitchen
• Full Sized Refrigerator
• Microwave
• 2-Burner Stove Top
• Kitchen Table with Chairs
• Weekly House Keeping
• On-site Laundry
• Free High-Speed WiFi
• HD Flat Screen TV
• Extended Cable Package
• Free Domestic Phone Service
• All Inclusive Pricing - No Utility Bills!
• Rate Options: Daily, Weekly, Monthly

The total investment necessary to begin operation of a HomeTowne Studios by Red Roof or a Home Town Inn lodging franchise for a 65-room conversion hotel ranges from $345,500 to $1,238,500. These amounts do not include the costs of land, original construction or acquisition, or ground or building lease rent for the hotel location but do include the approximately $56,500 to $62,000 that must be paid to the franchisor or an affiliate.



About Everhome Suites

"Everhome
Choice Hotels will offer the following to help hotel developers build a strong and successful portfolio with Everhome Suites:
The total investment necessary to begin operation of a 113-room newly constructed Everhome Suites hotel franchise is between $10,108,350 and $12,101,869. This includes an affiliation fee of $50,000 for properties with 113 rooms or less, $300/per room for each additional room and $550 per room for transfers and renewals ($50,000 minimum); a property management system software license and systems training fee of between $10,750 and $14,750; and orientation and hospitality training fees of
$0 - $3,145 per person, all of which must be paid to the Franchisor or its affiliates. These sums do not include the cost of purchasing or leasing land or any real estate taxes.